ArmInfo. Armenian Prime Minister Karen Karapetyan with his Kazakh colleague Bakytzhan Sagintayev in Astana, discussed prospects for further development of trade and economic relations.
According to Armenian Government press service, the head of Ministers' Cabinet of Kazakhstan stressed that the current level of inter state relations, high level of political dialogue between the countries can become good basis for deepening of economic cooperation.
Armenian Prime Minister, in his turn, expressed gratitude to the head of Kazakhstan Government for the warm welcome. According to him, there is a tendency of growth in Armenian-Kazakh trade and economic relations. Karen Karapetyan noted the potential for further development of economic cooperation. According to the Armenian Prime Minister, in both countries there are numerous promising projects that can be jointly implemented on mutually beneficial terms.
The parties discussed issues of bilateral agenda, noted a number of cooperation directions.
To note, this year is 25th anniversary of diplomatic relations' establishment between Kazakhstan and Armenia. According to Armenian National Statistics Service data, foreign trade turnover between Armenia and Kazakhstan in the first half of 2017 was $ 2.3 million, with an annual growth of 56.4%. In particular, exports increased by 34% to $ 1.8 million, with imports increasing 3.2-fold to $ 584.3 thousand. -0- As of July 2017, 258 legal entities, branches and representative offices with Armenian participation are registered in the Republic of Kazakhstan, of which 166 are active.
